Attached files
| file | filename |
|---|---|
| EX-10.22 - EXHIBIT 10.22 - Q LOTUS HOLDINGS INC | v300253_ex10-22.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): January 24, 2012 (January 18, 2012)
Q Lotus Holdings, Inc.
(Exact name of registrant as specified in its charter)
| Nevada | 000-52595 | 14-1961383 |
| (State or other jurisdiction of | (Commission | (I.R.S. Employer |
| incorporation or organization) | File Number) | Identification Number) |
500 North Dearborn Street, Suite 605, Chicago, IL 60654
(Address of principal executive offices, including Zip Code)
Registrant's telephone number, including area code: (312) 379-1800
_________________________________________________
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
| Item 1.01 | Entry into a Material Definitive Agreement. |
On January 18, 2012, Q Lotus Holdings, Inc. entered into a Promissory Note (the “Note”) with Southshore Real Estate Development, LLC in the amount of $582,107. The Note pays an annual interest rate of eleven percent (11%) and matures on February 24, 2012. The Note was issued in retirement of another promissory note dated February 23, 2011.
The description of the Note contained in this Item 1.01 is a summary and is qualified in its entirety by reference to the copy of the Note that is attached hereto as an exhibit, and which is incorporated herein by reference.
| Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information set forth in Item 1.01 hereof is incorporated herein by reference.
| Item 9.01 | Financial Statements And Exhibits. |
(c) Exhibits.
| 10.22 | Promissory Note, dated January 18, 2012, between the Registrant and Southshore Real Estate Development, LLC. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Q LOTUS HOLDINGS, INC. | |||
| (Registrant) | |||
| Date: January 24, 2011 | By: | /s/ Gary A. Rosenberg | |
| Gary A. Rosenberg | |||
| Chief Executive Officer | |||